“Our growth reinforces the essential role we play in our customers’ daily lives during this pandemic.”
Customers will be able to buy, sell, and hold virtual coins, including bitcoin, using the company’s online wallets.
“Our record performance in the second quarter — our strongest quarter ever — reaffirms the relevance of PayPal in the unfolding digital future."
The company is challenging regulations that require PayPal accounts to guarantee the same consumer protections as prepaid credit cards.
The browser plugin that hunts for online shopping bargains is "amongst the most transformative acquisitions in PayPal’s history."
The payments company was reportedly concerned Facebook had not done enough to address the regulatory backlash against the Libra plan.
The company will become the first foreign platform to offer digital payment services in China by acquiring 70% of a domestic provider.
The company's acquisition of PayPal's U.S. consumer credit portfolio helped boost loan receivables by $11 billion, or 14%.
Panelists at the CFRI conference set aside core accounting issues in favor of people-centric topics.
"While it is still early, our [Venmo] monetization efforts appear to be reaching a tipping point," PayPal CEO Dan Schulman says.
Where there are impairments for intangible assets such as goodwill, other liabilities may be lingering on the balance sheet as well.
The Adyen IPO's auspicious performance could prompt more fintech companies to test the public markets.
